Text size:

  • Small
  • Normal
  • Large

Deals of the Week: Al Hilal bank's latest road to innovation

Al Hilal bank announces the launch of the region's first drive-thru banking service, plus Emirates Islamic Bank is offering a cash draw for opening a new salary-transfer account.

Innovative ways of carrying out bank transactions appear to be all the rage in the UAE.

In the past year, the consumer banking industry has seen the first thumb-verification system, accounts that can be opened in 30 minutes and gold-dispensing ATMs.

Two of those innovations mentioned above were introduced by Al Hilal, an Abu Dhabi-based Islamic bank, which prides itself on its "commitment to innovation and customer convenience".

Now, the three-year-old bank has taken that mantra one step further by introducing the region's first drive-thru bank at its new Jumeirah branch on Dubai's Al Wasl Road.

The "money station" allows customers to drive into one of three lanes to carry out transactions such as cash withdrawals, deposits and the opening of new accounts.

Using "tube technology" already piloted in the US, the customer simply stops the car, speaks to the cashier on a screen and then inserts cash, documents or cheques into a transparent plastic capsule and presses send.

The capsule then shoots up a tube to the cashier and the customer waits for the transaction to be completed before it is sent back down the tube with cash or receipts.

"From day one, our focus has been innovation in our products and services and how we deliver them. This is a full, comprehensive banking solution, which means customers don't need to get out of their car," says Mohamed Berro, the group chief executive of Al Hilal Bank, who says he expects the majority of the branch's business to take place at the drive-thru station thanks to the "ease and flexibility" of the service.

"Dubai is a city that has always been at the forefront of innovation and this is another innovation that fits very well with the DNA of Dubai."

For more information, go to www.alhilalbank.ae.

***

Emirates Islamic Bank (EIB) is offering customers the chance to win up to Dh180,000 when they open a new salary transfer account with the bank.

The latest campaign from the Islamic financial institution runs until the end of April.

By opening a new salary transfer account during the promotion period, customers will automatically be entered into a raffle draw for a grand prize of 12 times their monthly salary or a maximum amount of Dh180,000, to be paid in 12 monthly instalments.

The bank is also offering 20 lucky winners the chance to walk away with 25 grams of gold coins each.

To be eligible for the offer, applicants need to be aged between 21 and 65 years and earn a minimum monthly salary of Dh3,000.

"Emirates Islamic Bank has devised this campaign to encourage more customers to set up salary transfer accounts with us, to benefit from a range of our personal finance options," says Faisal Aqil, the general manager of retail banking at EIB.

"We have deliberately tried to keep the salary threshold at Dh3,000 to enable a larger banking population to take advantage of this offer."

Go to www.emiratesislamicbank.ae for more information.

pf@thenational.ae

Back to the top

More articles


Editor's Picks

 Cityscape Abu Dhabi 2014 will run until April 24, 2014. Fatima Al Marzooqi / The National.

In pictures: Cityscape Abu Dhabi 2014 opens
at Adnec

Key developments and master plans are being unveiled at this year’s property exhibition in the capital.

 Marina Square apartments Reem Island: Q1 2% rise. Studio - Dh65-68,000. 1BR - Dh75-95,000. 2BR - Dh110-145,000. 3BR - Dh170-190,000. Q1 2013-Q1 2014 no change. Sammy Dallal / The National

In pictures: Where Abu Dhabi rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Abu Dhabi have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Designed by London-based Thomas Heatherwick, founder of Heatherwick studio, the park will feature an outdoor cinema, an organic garden, picnic areas and cafes and restaurants. Photo courtesy Salama bint Hamdan Al Nahyan Foundation

Futuristic Abu Dhabi park to be built in the desert shade

Spread over 125,000 square metres, Al Fayah Park, on Airport Road, will be covered by a sand-coloured canopy, 20 metres high, with the appearance of cracked desert land from above.

 Room with a view from one of the 21 duplex penthouses located in the Gate Towers sky-bridge. The sports courts and swimming pools can be seen below. Courtesy Alda

In pictures: Aldar’s Gate Towers Penthouse Collection on Reem Island

Aldar launched its Gate Towers Penthouse Collection at Cityscape Abu Dhabi. The launch features 21 penthouses spanning the skybridge, with each having a private indoor pool and incredible views.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National